Long-Term Benefits, Expertly Managed
As Corporate fiduciaries we have years of experience administering irrevocable trusts, often across generations. An irrevocable trust offers many potential benefits:
Asset Protection
- Shields assets from creditors and lawsuits.
- Protects wealth from divorce settlements or business liabilities.
Estate Tax Reduction
- Removes assets from the grantor’s taxable estate.
- Allows for strategic gifting and valuation discounts.
Wealth Transfer and Legacy Planning
- Ensures assets pass to beneficiaries according to the grantor’s wishes.
- Preserves family wealth across generations.
Long-Term Care Planning
- Special Needs Trusts help meet governmental program eligibility by removing assets from ownership.
- Protects assets for long-term beneficiary needs.
Income Tax Planning
- Shifts income to beneficiaries in lower tax brackets.
- Uses grantor trust rules for strategic tax benefits.
Education Funding
- Provides structured distributions for education expenses.
- Can be tailored to support multiple generations.
Real Estate Management
- Holds real estate for privacy, liability protection, and succession planning.
- Avoids probate and simplifies property transfer.
Business Succession
- Transfers ownership of closely held businesses.
- Ensures continuity and control across generations.
Charitable Giving
- Supports philanthropic goals through charitable remainder or lead trusts.
- Offers income and estate tax deductions.
